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PBS
Jul 18, 2011 7:00pm EDT
is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j.p. morgan and citi. but the
PBS
Jul 29, 2011 7:00pm EDT
. default is also a big worry for many older americans. they're conditioned about their monthly social security payments. now we placed several unanswered calls expecting social security checks on august 3. an additional 27 million beneficiaries expect payments later in the month. we caught up with a couple of them to see what's on their minds. >> it's a scare tactic. i mean because there's so many other things that they can stop before they stop social security checks. >> whether it is the republicans or democrats win this game, you have to remember next year is an election year again. so they're posturing themselves. and they're playing a game that is kind of tough. but again they have to get something passed sooner or later. >> susie: so far, the treasury has not provided details on how the government will decide which bills to pay if the borrowing limit is not raised. executives from the country's biggest banks met today with treasury officials in new york ahead of tuesday's deadline. they discussed how debt auctions would be handled if congress fails to raise the borrowing limit b
PBS
Jul 8, 2011 7:00pm EDT
15.5 and the s&p 500 lost nine. trading volume was light. 770 million shares on the big board, 1.6 billion on the nasdaq. despite today's job worries and a shortened trading week, the dow was positive on the week rising 0.6%. the nasdaq gained better than 1.5% since last friday. and the s&p 500 also ticked a fraction higher, up 0.3% on the week. >> susie: that dismal jobs report has everyone asking-- how do we fix the problem? joining us with some thoughts mark zandi chief economist at moody's analytics. >> mark. >> hi, susie. >> how do we put americans back to work? >> well, i think this will put the onus back on congress and the administration to do at least a few more things to try to help the job market the next 6-12 months. one would be to extend the current payroll-tax holiday which if there is no legislation will expire at the end of this year, so that's a likely thing they could do. there is also a suggestion of providing more help to state and local governments. as you know, as we see in today's job numbers a big chunk of the jobs lost is occurring at state and local gover
PBS
Jul 29, 2011 10:00pm EDT
, it actually has these built in very significant disincentives towards making big deals, towards working together. and we are now seeing the fruits of that evolution in the house in particular. let's talk about the house in particular. john boehner has been a very interesting figure in all of this. at one point he was walking in the back door of the white house and trying to cut a deal with the president. obviously, shamed out of that. so now he came up with his own deal and spent a lot of time last night bringing people in through his front door, recalcitrant republicans, to get them on board. is he wounded by what happened this week? is he strengthened? >> i think what happened this week is that we have seen how little leverage and how weak john boehner really is. you know, he has a leadership style that he has said, you know, after the top-down leadership style we saw with nancy pelosi, that he wanted to be a consensus leader, that things would come from the bottom up and he won his majority in the house because a lot of these freshmen ran specifically against the establishmen
PBS
Jul 23, 2011 5:00am EDT
britain, news corp. has made big business mistakes in america. it owns dow jones -- it bought at dow jones in 2007 and two years later it was worth $2.8 billion, less than their purchase price. myspace was bought for $580 million in 2005, sold for $35 million this year. but one of their largest shareholder still has huge confidence in the company. >> you have seen a business that has evolved, moving from newspapers and to other media, and moving more fee- based business model as opposed to advertising based. i think there is an awful lot of good steps that have been made, and i am very impressed overall with the company's success. >> rupert murdoch is back in america, more comfortable perhaps in a country where big investors still back him as the chief executive. >> here is a man, even though he is 80 years old, warren buffett is 80 years old and he is doing well, sumner redstone, and these are men with long track records of great success. to not want some of that wisdom in there, i think, would be a mistake. as will rogers said, good judgment comes from experience, and a lot of that
PBS
Jul 12, 2011 12:30pm EDT
president realizes we have to get a big deal. as we discussed a couple of weeks ago or last week, charlie, if you don't send the appropriate signal to international financial communities, you can raise the debt ceiling but the interest costs are going to go through the roof. so it has to be a big deal and so i think he recognizes that. and i think speaker boehner subpoena looking at the reality of what's going to happen in 2013 without agreeing to what the president said. we're going to have 4.9% increases on taxes on everybody earning er $200,000 a year anyway just from the affordabl care act. so you'll see significant increase in taxes withoutany increased taxes put on the table. i think they can do a deal and i think a deal can get done if, in fact, we do take away a lot of the tax eendires and lower the rates so thatwe get an economic boom that would come a that. so i think it's still possible. i think things tend to happen in washington when they have to so my slope that something will come togher and occur. >> rose: how long do you think it will take? >> i don't kw. you kno
PBS
Jul 9, 2011 2:30am EDT
want to go there. republicans have a big flank of new members elected on a pledge of no new taxes. nobody is dealing with reality. anybody on this panel, two of us could make a deal, but they cannot. >> why can they not make a deal, charles? >> you saw it in the clip you showed. nancy pelosi is the classic definition of a reaction. liberal. no changes in programs, entitlements. -- classic definition of a reactionary at liberal. no genocide programs, entitlements. if you all make -- note changes in programs, entitlements. if you don't make changes, he will wreck the economy, and everybody over the age of nine knows that. is that they are not willing to means test -- if they are not willing to means test entitlements, which you think and liberal alike, who always argue in terms of sharing the sacrifice and the rich bearing the burden, nothing will happen. >> colby? >> you just had exhibit number one of why they have not been able to reach a deal, as my friend charles expressed. if you start out with nancy pelosi and the position of republicans on tax increases, you see why we are at
PBS
Jul 6, 2011 7:00pm EDT
eurozone is a big market for u.s. multinational firms. so, it's no wonder that economist bruce kasman says it's really bad timing for a rate hike in europe. >> the euro area as a region delivers less in terms of growth as it could in helping the global economy, and then finally it adds risks and vulnerabilities to the really tough adjustments going on in greece and other peripheral countries right now. to be sure, a quarter of a percentage point increase in european rates tomorrow is likely to have only a nominal effect on u.s. growth. the concern is that the european central bank will proceed down a path of tighter monetary policy. >> the step that will be taken tomorrow by itself is not that big a deal, but the signal, if it gets realized in terms of further movements over the next six to 12 months, could have an impact in making it a little harder for the u.s. to get growth than it otherwise would. >> reporter: the good news is that buyers of u.s. stocks don't appear to be troubled by higher interest rates in other areas of the world. equity strategist alec young says that's because the
PBS
Jul 26, 2011 5:00am EDT
. ceremonies were held from manhattan to nighing a ray falls. >> last-minute captures on the big day. same-sex couples sweltering in the heat. >> with the celebration comes spending. it's thought same-sex marriages will boost the country by $3 million over the next three years. a handful of states have legalized same-sex marriage and new york is the one that will draw in the crowds. a destination in its own right. -- in its own rite. >> mark mattias had his cupcakes at the ready. his customers in this predominantly gay area of manhattan are now planning their weddings. >> roughly 50% of our business is weddings and we're expecting a big boost in revenue due to same-sex couples's weddings. >> the federal government here doesn't recognize these weddings. >> if one of us should pass away, the other cannot get social security and with regard to finances and taxes, we're not just treated the same as a heterosexual coup. >> whatever the picture at the national level, new york is welcoming same-sex couples with open arms, and after years of waiting, newlyweds are ready to throw the ultimate party
PBS
Jul 1, 2011 5:00am EDT
whether this case will proceed. >> if, and it is a big if, the case does collapse, what will dominique strauss-kahn do next? >> there is been a sensational reaction in france today. this is a nation that was angry about the way he was paraded in the initial stages. it was not just about his reputation. it was the reputation of the nation itself that was being questioned. they were angry about headlines in the american newspapers. people are talking about a premature way justice was delivered. we have heard from deputies in parliament -- it is my sense that there has been so much said that it would be unthinkable for him to stand as the next presidential candidate for the socialist. i where his support goes, some might be candidacy. the outcome could have big implications. >> we are falling big business stories today. 17 e.u. finance ministers went, whew -- we have some time. >> greece lived through with their promise that they would pass austerity measures. the eu finance ministers will be discussing the next bailout. this tide's greece over. they are held over until septembe
PBS
Jul 19, 2011 5:00am EDT
evidence was there, he just did not want to use a file to investigate it. >> how big a day is this today? >> it is a big day for parliament to make sure they can answer the questions. powerand get subpoena back in the committees. >> all things were joining us. -- thanks for joining us. [unintelligible] these pictures have come in the last hour or so. a public-relations company has been brought into news corp. is helping murdock prepare for this. it seems to have changed their approach. from rupert murdoch said there were only minor problems and told this to american news -- newspapers. but in britain, he apologized to the british public for the hacking scandal. the real question is what will be amended in a select committee today on questions on whether or not there was a cover-up. this has shaken many of the foundations of the british political scale. >> four decades, -- for decades, rupert murdoch has towered over britain's. but what will remain of him? has this shifted the balance between politicians and media in britain? >> the relationship became too close. we all want the sup
PBS
Jul 1, 2011 7:00pm EDT
the u.s. he's expected back in court in about two weeks. >> susie: detroit's big three automakers registered double digit sales gain in june, but japan's top two carmakers are still struggling. sales popped 10% at the nation's biggest auto maker general motors. ford sales rose 13%, but chrysler was the big winner: up 30% thanks to a batch of new models, including the newly redesigned dodge durango and the fiat 500. toyota and honda both post sales declines of more than 20%. korean automakers gained ground: hyundai up 16%. kia 41%. cars.com senior editor joe wiesenfelder says their small cars are in demand. >> yes, i do believe that hyundai and kia are taking advantage of some of the shortages in supply from honda and toyota. people that might have considered japanese might be willing to look at a korean manufacturer. generally speaking though, i think that hyundai and kia are doing well because they've been doing great work recently. they just keep adding more and more strong products. >> susie: while small, fuel efficient cars were top sellers last month, the recent drop in gas p
PBS
Jul 26, 2011 7:00pm EDT
from yesterday's pace, with 835 million shares moving on the big board and 1.75 billion on the nasdaq. still ahead, our "word on the street" is "gold." alix steele of thestreet.com explains what record-high gold prices tells us about the debt ceiling debate and the future of the yellow metal. >> susie: if the nation's credit rating is lowered, there would surely be a ripple effect. interest rates on everything from mortgages to student loans to car payments would rise. and as erika miller explains, even americans who don't borrow or invest will still feel the sting. >> reporter: open your wallet and look inside. if you own any of the 700 million credit cards used in america, you have a stake in washington's debt negotiations. unless lawmakers reach an agreement that satisfies ratings agencies, the u.s. could lose it's triple-a badge of honor. that would raise borrowing costs for uncle sam. it would also mean higher rates for people who have home loans, car loans, and student loans, as economist bob brusca explains. >> if you have anything that has an interest charge attached to
PBS
Jul 13, 2011 5:00am EDT
markets. >> europe's leaders know they have to get over big political differences if the greek problem is to be solved. >> leaders have to raise above their domestic political agenda, and they will. proposals of the euro group on measures that will risk contagion in your area are you are intelligently needed. >> the fact they are still talking about proposals is surely alarming. this crisis is 18 months old now and investors may be losing patience. matthew price, "bbc news," brussels. >> feels like everyone is losing patience. the ireland situation, junk bond status according to moody. >> yes. the credit rating is now down junk status and by doing these cuts, moody's is doing -- showing that they need to agree and bring in a proper fix for this debt crisis, but it also raise this is discrepancy among the rating agencies. stacey dugard and fitch have ireland raised three notches above jupping status and moody's not only did they downgrade them to junk status but said there could be further doubts come. but the problem for poor ireland, they'll likely be forced to get rid of those bonds,
PBS
Jul 20, 2011 6:00pm EDT
from this plan-- it has big tax increases in it and all the spending cuts will happen in the out years. well, how many times do politicians think they can pull that one over on the american people? >> reporter: the split among republicans made it difficult for party leaders to determine just what might pass the house. whatever it turns out to be, it still must be acceptable to senate democrats and ultimately to the president. this morning, the senate's majority leader democrat harry reid challenged house speaker john boehner to take matters in hand. >> right now, i'm at a point where we need to hear from the house of representatives. we've planned to go forward over here, but until we hear from the house all our work is for naught. i await word from the speaker. >> reporter: in the meantime, there's general agreement that translating the complex gang of six plan into legislation and votes before august second, is likely unrealistic. that could put the short-term emphasis back on a senate backup plan to let the president raise the debt ceiling on his own pending some final, long-t
PBS
Jul 2, 2011 1:30am EDT
greece? this all could have so many international repercussions. >> right. i think it would be a big deal if the u.s. government couldn't pay its debts but i don't think that's where we're going to end up. we're not greece. greece is a small economy, greece is way, way deeper in hot than we are. people have lots of options where to put money and greece is low on their list because they think there's going to be a default. where the greece metaphor comes in is that greece and portugal and spain and ireland have raised questions about whether governments keep their promises. and to the extent that the congress and the president can agree on a long run fiscal plan, it raises the question of, are we ever going to get our act together so that we don't become greece? >> and is the market yet or do you suspect it will either price this in or panic? >> it's been amazing how calm the markets have been and i think there are two reasons for that. one is, they kind of assume that eventually washington will do what it has to do. and secondly, greece and europe have been such a preoccupation that
PBS
Jul 27, 2011 4:00am EDT
grower might need, everything but pot itself. but, for mann and peterson, the big prize was across the bay in oakland, where, that same summer, the city was making headlines with a bold new plan. >> oakland could soon become the first city in the country to make growing pot in large warehouses legal. >> last night, oakland becoming the first city to authorize industrial-scale farms to grow medical marijuana... >> montgomery: oakland's idea was to auction off four licenses for massive indoor grow facilities to supply the state's medical marijuana dispensaries, the first official experiment with industrial-scale pot production in the country. ( applause ) oakland city officials were feeling pretty confident about the plan. in october, at the opening of the we grow marijuana superstore, the main candidates for mayor were running hard on the economics of pot production. >> people often ask me how much taxes do we get currently? under the current system, we're getting just under a million dollars in taxes... sales tax for the medical marijuana. but when the production facilities come on
PBS
Jul 7, 2011 6:00pm EDT
big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: high-level democrats and republicans alike said today's meeting at the white house marked the beginning of the end game in reaching a final deal on deficit reduction. the president and congressional leaders convened in the white house cabinet room, amid talk of a grand bargain involving social security, medicare and tax reform. when it was over, mr. obama made an unscheduled appearance in the briefing room. >> i thought it was a very constructive meeting. people were frank. we discussed the various options available to us. everybody re-confirmed the importance of completing our work and raising the debt limit ceiling so that the full faith and credit of the united states is
PBS
Jul 14, 2011 6:00pm EDT
small businesses, communities, equipment, materials. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the debt ceiling deadlock in washington led to increasingly urgent appeals for action today. but even as talks resumed, white house officials warned not to expect a hallelujah moment. fresh alarms sounded on wall street and around the world today about the consequences of a potential u.s. government default. standard & poors joined moody's in warning the country's credit rating could be downgraded, if the government tries to pay just the interest on its debt. and china said it hopes the u.s. adopts responsible policies. the chinese hold more than $1 trillion in u.s. debt, more than any other foreign cr
PBS
Jul 27, 2011 6:00pm EDT
. and detroit's big three. >> ifill: ray suarez gets an update on the turmoil in libya. >> brown: and we close with a paul solman story about a convicted murderer and middle school dropout who now makes $80,000 a year after completing college while behind bars. >> these are my dreams. i fit in right here, but this is what i'm looking at, this is where i want to be, this is where i can be, this is where i deserve to be. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> i mean, where would we be without small businesses? >> we need small businesses. >> they're the ones that help drive growth. >> like electricians, mechanics, carpenters. >> they strengthen our communities. >> every year, chevron spends billions with small businesses. that goes right to the heart of local communities, providing jobs, keeping people at work. they depend on us. >> the economy depends on them. >> and we depend on them. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial litera
PBS
Jul 12, 2011 12:00pm EDT
furs. starting at moment, china is now lagering communist economy. tavis: uc proof of that in big cities like shanghai and beijing. people are making money. chinese officials have moved 300 million people live there -- out of poverty into the middle class. despite recent concerns about inflation, the economy is thriving. china has more billionaires than any country other than the united states. feeding this economic boom is china's educational system. it has been criticized for not fostering independent thinking butted is also graduating hundreds of thousands of top students in science and math. that is why multinational companies like microsoft have established beachheads in china. why do you think the largest r&d campus outside of redman for microsoft is in china? >> talent. the amount of talent to lookout in china. every year, we graduate 6 million people. 1 million are in computer science and electrical engineering. things to do with information technology. it is different from the u.s. the best and brightest students work in engineering tavis: statistics like that -- like tha
PBS
Jul 20, 2011 7:00pm EDT
%. the big loser of the dow was united technologies, the company behind otis elevator, carrier air conditioners and pratt and whitney jet engines. shares fell almost 2% on heavier volume. two weeks ago this stock was at an all-time high. earnings were strong and the firm raised its forecast. its chief financial officer say they're seeing a broad-based recovery. a couple of merger stories. clorox regained more than 2.5% as investor carl icahn increased his buyout price to $80 per share. that's now what he's offering. earlier this week, clorox said no to an offer of $76.50 per share. the stock here continues trading below even that lower offer as the market seems to be skeptical of a deal. meantime, it is a deal for chemical company nalco. the offer is $38.50 from eco- lab. shares jumped more than 24% on big volume but settled below the purchase price. part of that difference can be explained by the drop in the stock of the buyer. since it is offering either cash or stock, a drop in its price can impact the buyout price. shares fell 7%. two others. e-trade stock shot up almost 14%. i
PBS
Jul 25, 2011 12:30pm EDT
, then obama would be a big loser. >> rose: also this evening a conversation with paul krugman and david brooks th columnists at the "new york times". this conversation took pla before the president's press conference and therefore was edited accordingly. >> whave no consensus in our political system. there is no center. we have no consensus about what all to be happening. so if you try to strike a lo-term deal you're basically stking a deal that nobody actually beeves and that isot going to be adhered to. i think we buy we buy se time. shouldn't be negotiating at all about the debt ceiling but we buy someime and give the voters another chance to weigh in. >> we really need to cut i think some of the rating agencies have said this, we need to cut $4 trillion to sort of stabilize debt levels and if we don't do that that's really bad news. and then the second thing i do think both parties may find it useful to have a framework. no, we're to the going to write a plan that is going to dictate the next ten years of politics but both parties may find it extremely useful to have a framewo
PBS
Jul 1, 2011 10:00pm EDT
charles' point is white. these are tiny, tiny little drops in a big ocean. there is not enough in corporate jets or even the hedge fund guys, although i would like to. they have to raise revenues, i hate to say it, on the middle class. this is the point that gets lost on this. everybody is in this boat. there is no way out of it unless every single american does something. >> raise revenues on the shrinking middle class, mark. >> everybody is in it, and evan is right -- evan addressed the possibility of default. when that happens, the federal government of the united states, which bars or 40 cents of every dollar we spend every single day, is faced with the option -- do you pay a sergeant in combat in kandahar, a grandmother with a 1-bedroom apartment in social security check, or to meet the obligations of bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality is we are talking about -- the president is proposing increasing taxes, revenues, by 1% over the next 10 years. $400 billion. we are going t
PBS
Jul 15, 2011 5:00am EDT
benefit from this, but i think they've taken such a big hit already, it probably won't make that much difference to the public standing, the public in which they find themselves. >> so what do you think really was the overriding factor here? is it a moral decision, media decision, or business decision? >> well, it's obviously a business decision, clearly. but i think other things come into it, and we don't know, we can't be party to the discussions and internal investigations that have gone on. she was editor of "news of the world" during the period in which some of the worst examples of hacking, the hacking into milly dowler, the 7/7 bomb victims' phones, and in view of that, that revelation itself should have led to her resignation. it's possible she's resigned a couple of times, it's been rejected, and finally, perhaps on the third occasion, murdoch and his advisors decided, ok, fair enough, it's time she went. >> it's strange, though, isn't it? just a few days ago, speaking to "news of the world" journalists, she said they would understand why the newspaper had to close, beca
PBS
Jul 8, 2011 12:00pm EDT
full focus of this administration. the image of favoring big corporate status quo and wall street even though in his heart of hearts, that is not what he believes. tavis: that may be a enough of an albatross to make sure that he does not get reelected. the first two well, he did not control. was all about law enforcement. the second was about congress, not necessarily the white house. it is the third one that could mess him up. he gets on the campaign trail, he can s u responsibility for the first two, can he not? >> the law enforcement part of that has been under his watch. it has and a lax effort. they have not been aggressive. but that's what the obama mentality of let's turn the page on tour -- if fits with the obama mentality of let's turn the page on torture. the dodd-frank, that is a shared responsibility. i wish the obama administration has taken more of a leading role when they were fighting on health care and pushing that forward. health care was taken by his opponents and used to demonize them and helped give him the congress that he now has. tavis: i am curious as to y
PBS
Jul 6, 2011 5:30pm EDT
is big for facebook. i do not know it is revolutionary for the user. >> all the people using facebook -- i understand a lot of people are deciding they do not want to use facebook. do they want to have a chat and video conferences? i thought that was more of their work scenario. >> with this audience, with any audience, this kind of video chat behavior is for the minority of your interactions. if you are in a certain place, once you introduce visual and audio cues, you have to have a controlled environment. i cannot do a video chat with you while i am on the bus going to work. that is complicated. i can always do a text chat. this is a rich interface for a minority of your communications. but facebook once those to happen within facebook, and not have you leave to use your skype program. >> i think i understand the technical side of this. one thing that seems to be clear from the business side is it comes in the same week that google announced its social network. it is trying to take on facebook as well. who is winning that battle? >> it depends how you measure it. on sheer n
PBS
Jul 27, 2011 5:30pm EDT
sleeping and heard a big sound. >> i suddenly heard a strange sound, like a large trade explosion sound, so i walked outside. -- like a large trade explosion. -- train explosion. >> they are calling it the worst rain in a century. hundreds of thousands -- hundreds of houses flooded. rhodes often impossible to accept with the health of rescue teams -- roads often impossible to pass except with the help of rescue teams. lucy williamson, bbc news, seoul, korea. >> tomorrow in london, more than 1000 british veterans who were exposed to nuclear testing in the 1950's and lost their case for damages will be hoping the supreme court will give them permission to appeal. the elderly veterans believe there ill health is due to exposure during the tests, but the ministry of defence has contested that claims since 2004. our correspondent reports. >> not until 10 seconds and could anybody in look. so intense was the man made sun that people miles away with their back turns and hands over their eyes are aware of its fantastic brilliance. >> basically, we had no protection, no warning. nothing at all. all
PBS
Jul 19, 2011 12:30pm EDT
chance of passing the bill deal, a big $4 illion deal that would significantly cut spending but also include some tax revenue increases. that's, i think... as tough as it would be far to pass the house, i think idea of just giving the president the authority but getting political points to store in return is not going to fly with the republicans in the house. the only way it passes in the house i believe is if there is a vast majority of democrats to go along with it and a slice of republicans. but, look, y heard the speaker last week say this whole situation is like a rubik's cube. any time you kind of dial up the spending cuts, you're going to start losing democrats. any time you di up anything portrayed as a tax increase, even if it's not increasing tax rates,obods talngbout that right now. anything that looks like it's increasing tax revenues at all you start losing republicans. >> rose: so is th idea of the president's desire far grand bargain and speaker boehner at one time hoping for a grand bargain, is that dead or does... the white house says it still hopes for that is it fa
PBS
Jul 25, 2011 6:00pm EDT
approach. one where the wealthiest americans and big corporations pay their fair share too. >> reporter: meanwhile the leader of the democratic majority in the senate, harry reid, has been working on a competing proposal. it would raise the debt ceiling and cut $2.7 trillion in spending. the savings would come from federal agencies and defense spending but avoid controversial changes to entitlement programs and the u.s. tax code. >> so now all the republicans have to do is say yes. unfortunately, the republicans who used to run the congress on the caucuses are being driven by the radical, right wing that is so in tune with the tea party. they want their leaders to ignore the american people as they're doing. they want their leaders to ignore the business leaders like the chamber of commerce that they're ignoring. and even a majority of republicans around this country want something to happen and they're refusing to do that. >> reporter: this afternoon reid's plan got official endorsement from the white house spokesman describing it as a reasonable approach. the white house statement als
PBS
Jul 22, 2011 12:30pm EDT
really one of the big questions. >> in europe it's the same thing. >> rose: u.s. leadership. >> yeah. >> rose: what is it you thi they expect from the united states in 2011 and twelve after all that's taken place? the economic collapse that we had. the wars we were engaged in and two that we are still engaged in in different levels. what does the world want from america? >> well, leadersh, i think, is the short answer to the question. but we can start with asia and go to europe and go to the middle east. in asia, they want the ited states to be present. they wanthe united states that ey can count on to meet its obligations anpromises t ales and partners, and we have been doing that. you know, this is a mistake... not mistake. it's not a coincidence that secretary clinton took her first trip as secretary of state to asia. >> rose: and she's back in india as we speak. since dean rusk in 1961. and we have really engaged... they want u.s. presence. i think the asians want to see the unitedtates engaged and, by the way, they want us to manage the relationship with china in a positive cons
PBS
Jul 6, 2011 12:30pm EDT
people, a big muslim country, democratic whave a lot of achievement in the past in rucingositive a that was achievement during 40 years. but then we learn a lot that it is not only enough to have a high growth reducing poverty people need to have transparency participation, accountability and good governance. and that's become the lesson learned. we have to pay 75% of our g.d.p. because of the banking system to bail out the crisis. so a lot of lessons learned from indonesia. as a country that is so diverse but a lot ofÑi achievemt. a lot of development lessons can be learned from this country. >> many people when they look at the arab spring they say where's thmodel? some say turkey, others say indonesia. because of the way you handle-- you meaning the indonesians-- after the overthrow of suharto. >> yes. well it is... i mean, you talk indonesia after 12 years of this transition, ve painful transition in '97/'98. that experience, changinfrom centralized to decentralized, from closed society to open, from veryuthoritarian to depthic, for a country st like indonesia, even people said ind
PBS
Jul 22, 2011 6:00pm EDT
wounds were really, really, really big. some of them had, you know, they had been running for their lives. they had their bones broken. some of them, you know, they were full of blood and dirt. >> reporter: this was the youth camp last year. norway's prime minister visiting. he was due at the camp tomorrow to give a speech. this was the youth camp just yesterday. these young people, the targets of an attack that has come out of the blue on a sunny summer's day, a day of horror, so far unexplained. >> woodruff: president obama extended his condolences to norwegians today, and offered american assistance with the investigation. for more on all this, we're joined by ahnders tvegard of norwegian public broadcasting. we thank you both. and i'm going to go to you first, in oslo. what is the latest that's known on the casualties, dead and injured? >> yeah, what they are telling about what happened out on the island, they have so far said that there are ten casualties at the island but they are not ruling out that there can be some more people that are being killed out there. they are even
PBS
Jul 5, 2011 10:00pm EDT
you're at?" >> smith: manning was taking a big risk. under the army's "don't ask, don't tell" rules, gay soldiers, like manning, were required to keep their sexual orientation secret. his friends also worried about his political activism. >> in his facebook profile, he posted signs and pictures at his presence at rallies. >> smith: gay rights rallies? >> right. this struck me as very dangerous to his position. i mean, i admired him for his... you know, for his courage on this, but i thought it might be a little bit foolhardy. >> smith: during this period, manning also started a relationship with a young man from upstate new york named tyler watkins. on weekends, bradley would visit him in boston, where watkins was studying. during those trips, the young intelligence analyst also found a new group of friends, computer science students and hackers. at the time, wikileaks was already making headlines, and julian assange was an admired figure among hackers. boston opened new doors for manning, but he had a problem back on base. >> he thought that this one officer dude had it out for him, tha
PBS
Jul 4, 2011 12:30pm EDT
democratic society. >> rose: is there a debate today within islamic communy. >> yes, very big debate. >> rose: and tt debate is? >> tha debate is, ones that whether you can go create an islamic state through the current political democratic way, or that democracy is the enemy of islam, it's not an islamic way so you have to topple it through, you know, an undemocratic way. i think there is a dete on that. and then the second underlying debate is if we are in power, should we still be democracy. so more directly into what they callslamic wing. >> rose: and what wod be the role model for that? >> well, this is the problem. because they don't have what we call the practical example in reality. t they wou have like the way when prophet mohammed rule or -- 1400 years ago. >> re: do most people in indonesia consid iran a success? >> only minorities. turkey is much more a mod. >> rose: and turkey is what indonesia would le to be? >> some indonesia is, the justice party look at turkey as a model. but some of the people saying that turkey is not a finished model. it's going to the right model
PBS
Jul 13, 2011 4:00am EDT
big enough story that ford liked, and he was, like, "okay." then once we got that, we had to go back over it three more times, just to make sure that i had all the parts and pieces together. and then he goes, "okay, now we're going to record it." when the rest of us got inside, we disrobed her, held her down. i had one leg, eric had the other leg. it was just so not me. it was a robot. >> dan was the first to have intercourse with her. i was the second. eric was third. >> narrator: since joe dick said in one of his statements that derek was involved in the crime with two unknown men, derek now had to identify them. >> "who was it?" and i said the first name that popped into my head. i said, "well, geoffrey farris." next name that popped into my head was rick pauley. and because they popped into my head and i uttered their names, they were arrested. >> narrator: by then, four men were in jail-- danial, joe, eric and derek. then, with pauley and farris, there were six. and there was still no dna match. so the police went back to derek. >> they decided to give me a plea agreement as lon
PBS
Jul 25, 2011 5:00am EDT
is to investigate them. >> the police are trained to handle this, but this is so big and it was so many youngsters that was killed, so i think it's very difficult that they are taking care of each other, they are talking, debriefing every night, and we'll manage. >> despite admitting the attacks, anders breivik is expected to deny criminal responsibility when he appears in court. the stunned nation will be listening closely to his every word. >> well, we're just going to bring some pictures that have come in to us from norway that were taken just a few minutes after the actual attack, the bomb blast that hit oslo, and these are -- these are live pictures we're bringing you. first of all, they came to us from norway of people scattered, it looks like, in remembrance in the country. well, let's speak now to the former prime minister of the country, now the secretary general of the council of europe. thanks very much indeed for joining us. first of all, your report on this attack, so many young people, innocent people killed in this way. >> yes, it's getting worse and worse for us to
PBS
Jul 29, 2011 5:00am EDT
speaking tubes in a big house. oh, right, the phone. so when somebody wanted to attract your attention upstairs, they would blow in the bottom end, and it would sound the whistle upstairs. they weren't for blowing into directly. a lot of people think they're actually whistles, but it was for attracting attention through a house. i call that one the "iron man" or "outward bound." what does that do? it's like a train whistle. i think that's it. we can't go any further; you've got too much. you're obsessive, aren't you? yes. they are a fantastic group. it belonged to my husband's great-aunt, and she travelled a lot. we think it might be indian but we're not at all sure. i can see exactly why you'd be thinking in terms of indian. you do get very much this sort of decoration appearing and, again, filigree work is a feature to be found there. what you've actually got is a travelling set. so the spoon, fork, and the knife. date wise... we're looking at about 1670. the spoon, with the sections cut at the top, that's known as the triffid form of spoon. now, that, as a design, started
PBS
Jul 19, 2011 5:30pm EDT
? >> i think that that is a big if at this point but there are a lot of questions. i think the employees at news corp. media properties are nervous, shareholders are nervous. there are questions about what this means for the future of the company. a lot of questions i am hearing is where is the push stock -- the push back on rupert murdoch? shareholders have said this is like a family business, this is a public business. there needs to be strong vertex in place to make sure whether it is an independent board of directors, someone comes in and challenges rupert murdoch on some of these issues going forward. -- there needs to be some strong checks in place. i think that investors want to see that. >> thank you for joining us. president obama said that negotiations over the debt ceiling have reached the 11th hour. in a statement, he praised a new proposal that would cut 4 trillion dollars in the debt over 10 years through a mix of tax increases and spending cuts. israeli forces have stopped a french-flagged boat going toward the gaza strip in an attempt to break the blockade. the
PBS
Jul 22, 2011 5:30pm EDT
like this, no. i have seen last sites before and this is really, really big. and the fact that it can have so much for the nation behind it is quite unbelievable. -- coordination behind it is quite unbelievable. >> al-shabab says there is no famine in the country and accuses the u.n. of examined -- a guy during the drive for political reasons. aid agencies remain in place. caroline hawley reports. you may find some of these images distressing. >> the refugee camps in kenya. the body of a charm lies next to those still struggling for life. -- of a child lies next to those still struggling for life. a combination of war and drought has created a devastating emergency, displacing huge numbers of somalis with in their own country, too. the capital, mogadishu, is not safe. it is still a magnet for people in need. >> she is 80 years old and she is taking care of five children. she is the grandmother. the father and mother died because of disease. >> the hardline islamic group al-shabab has links to al qaeda and is fighting the western government of somalia. the government is in control of o
PBS
Jul 6, 2011 5:00am EDT
dust as big as 80 kilometers wide in some areas. you can see it engulfing the city and causing havoc particularly foral flights. -- particularly for flights. going across much of the south western area. this ising? which can go from mid june right through september. that's the monsoon season itself. so more of this can be expected. but pretty extraordinary pictures coming in there. all sorts of things being brought down. among them, electricity wires, cables, you name it. it's quite a mess. right there in phoenix. >> now venezuelan president hugo chavez has leaders traveling to the area for the bicentennial celebration and using it as an opportunity to show support for hugo chavez from his cancer treatment. >> and prosecutors say the 25-year-old casey anthony smothered her daughter. first she said her child was kidnapped by a nanny then said she drowned in the swimming pool. the jury cleared her of the most serious charges. >> and barack obama says he wants to raise the credit limit and they have a limited time to prevent a u.s. from defaulting. >> now for some of us packing a suitca
PBS
Jul 23, 2011 2:30am EDT
? >> exactly what you think. >> paul tsongas had cancer. there was a big difference between cancer and migraines. if we are going to hold up a standard that if you have a headache that knocks you out for an hour or two, you cannot be president, fdr and kennedy, who had addison's disease, and eisenhower, who had a bad heart, would never have been president of the united states. i am not sure that is the position any of us would want to take. i think her answer was good, i think based on the evidence -- is their behavioral evidence of this woman not being able -- >> just be a cautionary. >> well, cautionary is fine -- >> i don't know the capitol hill physicians but i don't think it is fair to imply that somehow this is a less qualified individual. >> i'm not saying that. >> what about rick perry? >> rick . looks more and more like he is going to come into the race. -- rick perry looks more and more like he is going to come into the race. mike huckabee, a conservative finalist in 2008 against john mccain, has taken a shot at him, saying he will be the champion of traditional values and hi
PBS
Jul 14, 2011 12:30pm EDT
reid has pushed for and i think is sensible to call together bipartisan group and 's talk big a joint committee with the power of committee, the staffing of the committee and really come up with specific recommdations on dealing with this deficit in the longer term and consider everythi. literally everything. spending, entitlements, revenue, put it all together and try to come up with something that might be done on a bipartisan basis. you know we've come close to bull simpson even with the gang of six and perhaps this approach will be what's needed. >> for the benefit of the audience because you're familiar with it, lay out the specifics of the mcconnell plan. >> well, here's how it would work. firms the congress would give the authority to the president of the united states to request and to execute debt ceiling extension. then it would under another process that we he, another law, give the authority to congress to disapprove that action. so there would be a resolution of disapproval considered first in theouse then in the senate. if the resolution disapproval would pass, the major
PBS
Jul 29, 2011 12:30pm EDT
different? >> i think she probably wod have made similar decisions. i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it going to take so that this is no longer true? >> think that it's going to be with us, charlie, for a very, very long time. and the reason i say that is that as the years go by it isn't that apresident has to think about vietnam, because vietnam has now insinuated itself int the d.n.a. of every presidt. now you think of code words. you think out having a clear exit strategy. >> rose: right. >> of giving clear instructions to the military. what are you really saying? you're really saying "i don't want another vietnam," but you don't articulate the
PBS
Jul 18, 2011 6:00pm EDT
cumulatively speaking, it's a big blow for the karzai administration. you know, it'sçç confidant, relatives, high-level aides going back into april some of them are being killed. but more than who is doing it or who it's happening to, i would put it altogether by saying it's a real danger for the stability of the government and it makes it seem as if as the americans and nato begin to pull out, it's really not clear who is in control. it's really not clear where these chips are going to fall. >> you wrote aboutç that ioç oe of the recent pieces for the post that the tenor of kabul is changing. people seem to be preparing for that day when the last u.s. troops are out of there and trying to figure out where the power is going to be. >> exactly. people are very nervous and scared. the last time a super power was involved in afghanistan and suddenly left, which was of course the soviet union in 1989, it wasn't long after that that civil wary rupted which was incredibly vicious and destructive and destroyed much of the capital. nobody thinks that's going to happen now but they're worriedç
PBS
Jul 5, 2011 7:00pm EDT
for our economy and do what's best for our people. >> tom: the president aims for a big budget deal, not a stopgap measure, before the end of the month. it's "nightly business report" for tuesday, july 5. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. with the united states rapidly running out of borrowing room, the president is calling on republicans and democrats to move quickly. mr. obama has called leaders from both parties to the white house for a meeting thursday and susie, he's urging them to think big. >> susie: tom, with the calendar pressuring politicians to negotiate a plan allowing the u.s. to borrow more money, the president wants a deal cut in a few weeks and says it should not be a temporary one lasting only a few months. >> tom: the budget bargaining now heads to the white house with less than a month before time runs out. darren gersh
PBS
Jul 9, 2011 2:00am EDT
million. and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural disasters here. the big hit came from gasoline prices that shot up to around $4 for gasoline because of the libyan rebellion. and finally the japanese earthquake and tsunami turned out to be a much bigger negative for us than we may have appreciated. because it cut off the flow of vital parts. put all those things together and it cost a lot of momentum. may very poor job numbers and in june, very poor job numbers. it was kind of surprising because in fact over the last few weeks, we had a wave of optimism because some of those tempering negatives seemed to be going away. as gasoline prices droppe
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